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1555 79th Street Causeway, ...

Andy Ansin Acquires Development Site In Miami For $14M From Gabi Ghilino | 1555 79th St Causeway
SOLDDevelopment Site

Andy Ansin Acquires Development Site In Miami For $14M From Gabi Ghilino | 1555 79th St Causeway

1555 79th Street Causeway, North Bay Village, Miami-Dade, FL, USA

$14,000,000

$167/SF

Building Size

83,700 SF

Asset Type

Development Site

Closing

Feb 7, 2021

AI

Andy Ansin has acquired a development site located at 1555 79th St Causeway in Miami. The property was sold by Gabi Ghilino in an off-market transaction for a total price of $14,000,000. The development site spans 2 acres and has the potential for the construction of approximately 200 units. The deal was facilitated by brokers Gabriella Ghilino, Marilina Apfelbaum, and Samuel Heskiel.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $14,000,000
  • Units: 200
  • Acres: 2

This transaction represents a significant off-market opportunity for Andy Ansin to develop a property in Miami. The acquisition was negotiated by the team of brokers, including Gabriella Ghilino, Marilina Apfelbaum, and Samuel Heskiel, who played a crucial role in facilitating the deal. The development site offers immense potential for Andy Ansin to capitalize on the booming real estate market in Miami.

For more information or to explore other off-market development and hospitality opportunities, interested parties can contact 786-451-4484.

Players

Marilina Apfelbaum

Beachfront Realty

Broker

$226.6M

vol

19 deals

Broker
Andy Ansin

Andy Ansin

Buyer

$85.7M

vol

7 deals

Buyer

Miami Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93